It depends -
If you are considered a US citizen or resident for the 2017 calendar tax year, then the following applies:
Regarding your FBAR requirement -
If you have foreign financial accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) if are a US citizen or resident and::
Foreign financial accounts consist of all foreign financial accounts that you own separately or jointly or for which you have signatory authority over (such as a foreign business account that is owned by the business but for which you can sign checks or redirect funds).
To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click FBAR (TurboTax does not support this form)
Regarding your Form 8938 filing -
For US citizens or resident living in the Us, you would have a Form 8938 if you meet the thresholds are provided below:
Unmarried individual (or married filing separately): Total value of assets was more than $50,000 on the last day of the tax year, or more than $75,000 at any time during the year.
Married individual filing jointly: Total value of assets was more than $100,000 on the last day of the tax year, or more than $150,000 at any time during the year.
Here is a link to the IRS related to both the FBAR filing and the Form 8938 filing: IRS - Comparison of Form 8938 and FBAR Requirements
Regarding Form 3520 -
This situation is a lot more complicated. You will not have to file this form for transferred the $100K outside the US (since it is not a foreign gift being received by a US citizen or resident). However, if you transfer the money to a foreign investment account or self-directed foreign retirement account, you may be have a grantor trust related to this foreign financial account. Grantor Trust filings are complicated, are based on individual situations and are beyond the scope of this forum.
It depends -
If you are considered a US citizen or resident for the 2017 calendar tax year, then the following applies:
Regarding your FBAR requirement -
If you have foreign financial accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) if are a US citizen or resident and::
Foreign financial accounts consist of all foreign financial accounts that you own separately or jointly or for which you have signatory authority over (such as a foreign business account that is owned by the business but for which you can sign checks or redirect funds).
To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click FBAR (TurboTax does not support this form)
Regarding your Form 8938 filing -
For US citizens or resident living in the Us, you would have a Form 8938 if you meet the thresholds are provided below:
Unmarried individual (or married filing separately): Total value of assets was more than $50,000 on the last day of the tax year, or more than $75,000 at any time during the year.
Married individual filing jointly: Total value of assets was more than $100,000 on the last day of the tax year, or more than $150,000 at any time during the year.
Here is a link to the IRS related to both the FBAR filing and the Form 8938 filing: IRS - Comparison of Form 8938 and FBAR Requirements
Regarding Form 3520 -
This situation is a lot more complicated. You will not have to file this form for transferred the $100K outside the US (since it is not a foreign gift being received by a US citizen or resident). However, if you transfer the money to a foreign investment account or self-directed foreign retirement account, you may be have a grantor trust related to this foreign financial account. Grantor Trust filings are complicated, are based on individual situations and are beyond the scope of this forum.